New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 9, 2014
08:31 EDTGEGeneral Electric to acquire Wurldtech, terms not disclosed
GE announced a definitive agreement to acquire privately held Wurldtech, a Vancouver, British Columbia-based company. This move is one of several by GE to help protect critical infrastructure and advance cyber security efforts globally for key industries. Wurldtech solutions and services are used in complex environments such as oil refineries, power transmission grids or for individual assets like medical devices or smart meters. Wurldtech will retain its name and operate as a wholly owned subsidiary to continue providing the necessary focus on services to its broader customer base. Financial terms were not disclosed.
News For GE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent GE news | >>
April 10, 2015
12:46 EDTGEOn The Fly: Midday Wrap
Subscribe for More Information
10:07 EDTGEHigh option volume stocks
Subscribe for More Information
09:39 EDTGEActive equity options trading on open
Subscribe for More Information
09:28 EDTGEGE sees having $3B-$5B a year for bolt-on acquisitions while Capital deals close
Subscribe for More Information
09:22 EDTGEGeneral Electric trades near 52-week high on restructuring plan
The shares were trading last at $27.39 in the pre-market, close to the 52-week high at $27.53. Next resistance above that high is at $28.58.
09:16 EDTGEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quantum (QTM), up 22.2%. ALSO HIGHER: General Electric (GE), up 6.6% after announcing that it will sell most of GE Capital assets for approximately $26.5B... Horizon Pharma (HZNP), up 3.7% after receiving fast track designation for Actimmune... Tekmira Pharmaceuticals (TKMR), up 2.3% after FDA modifies partial clinical hold on Tekmira TKM-Ebola IND... Netflix (NFLX), up 2.9% after being upgraded to Buy from Neutral at Citigroup... Blackstone Mortgage Trust (BXMT), up 3.6% after acquiring $4.6B loan portfolio from GE Capital. LOWER: Citrix Systems (CTXS), down 5.8% after lowering first quarter guidance... Uniqure (QURE), down 2.4% after 3M share Secondary priced at $29.50... FIS (FIS), down 2.5% after lowering first quarter guidance... Golub Capital (GBDC), down 2.3% after 3.5M share Spot Secondary priced at $17.42.
08:58 EDTGEGeneral Electric sees strong Industrial double-digit growth through 2018
Subscribe for More Information
08:55 EDTGEGE to repatriate about $36B in cash as part of GE Capital plans
Subscribe for More Information
08:44 EDTGEGE targeting being in position to apply for SIFI de-designation in 2016
GE (GE) said it is working to be able to apply for SIFI de-designation as quickly as possible and is targeting being in position to apply for de-designation "some time" in 2016. GE added that it expects to be able to sell its U.S. assets quickly and noted it has received a significant number of inquires from buyers. GE stated that it has hired JPMorgan (JPM) as global coordinator for its disposition plans. Comments from GE investor meeting to update on GE Capital plans.
07:44 EDTGEGE targeting Synchrony Financial separation to close by year-end 2015
Subscribe for More Information
07:01 EDTGEGeneral Electric volatility flat into selling most of GE Capital assets
Subscribe for More Information
06:42 EDTGEGE to work closely with FSOC to de-designate GE Capital as SIFI
Subscribe for More Information
06:41 EDTGEGE industrial business remain on track for operating EPS of $1.10-$1.20
06:38 EDTGEBlackstone and Wells Fargo confirm acquisition of GE real estate assets
Subscribe for More Information
06:35 EDTGEGE releases financial details of GE Capital assets sale
Approximately $16B of after-tax charges are expected to be recorded in the first quarter of 2015 in connection with the plan – of which about $12B are non-cash. The charges include taxes on repatriated earnings, asset impairments due to shortened hold periods, and charges on businesses held for sale, including goodwill allocation. GE expects that the earnings impact of the GE Capital exits will be offset by the buyback over the exit period. GE has amended its income maintenance agreement to guarantee all tradable senior and subordinated debt securities and all commercial paper issued or guaranteed by GECC. The guarantee will replace the current income maintenance covenant. GE will maintain substantial liquidity and capital through the transition and does not expect to issue incremental GE Capital long-term debt for at least five years. Commercial paper will be further reduced to approximately $5 billion by the end of 2015.
06:34 EDTGEGE could return more than $90B in dividends, buyback, Synchrony exchange
There is potential to return more than $90B to investors in dividends, buyback and the Synchrony exchange through 2018. The exits of the targeted GE Capital businesses should release approximately $35B in dividends to GE, which, under GE’s base plan, are expected to be allocated to buyback; this is in addition to the impact of the Synchrony exchange and ongoing dividends. The GE board has authorized a new repurchase program of up to $50B in common stock, excluding the Synchrony exchange. GE expects to reduce its share count to 8-8.5 billion by 2018. These actions would still allow room for opportunistic “bolt on” acquisitions in GE’s core markets. GE also said it plans to maintain its dividend at the current level in 2016 and grow it thereafter.
06:34 EDTGEGeneral Electric to sell most of GE Capital assets for approximately $26.5B
Subscribe for More Information
06:34 EDTGEBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
Subscribe for More Information
06:34 EDTGEBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
06:31 EDTGEGeneral Electric to sell most of GE Capital assets for approximately $26.5B
Subscribe for More Information
1 | 2 | 3 | 4 | all recent GE news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use